Ohio Laborers District Council Ohio Contractors Association Insurance
- Assets
- $220.2m
- Revenue
- $171.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Westerville, OH
- Founding
- 07/1965
- Data as of
- 12/2021
- EIN
- 31-6052984
Organization Overview
Ohio Laborers District Council Ohio Contractors Association Insurance, operating under the name OLDC-OCA Insurance Trust Fund, is located in Westerville, OH. The organization was established in 1965. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. OLDC-OCA Insurance Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, OLDC-OCA Insurance Trust Fund generated $171.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $172.8m during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND'S PURPOSE IS TO PROVIDE THE MEMBERS HEALTH AND WELFARE BENEFITS THROUGH THE FUND'S MARKET PERFORMANCE. FOR 2021 MEMBERS SERVED WAS APPROXIMATELY 15,000.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND'S PURPOSE IS TO PROVIDE ITS MEMBERS AND THEIR FAMILIES HEALTH AND WELFARE BENEFITS. FOR 2021 MEMBERS SERVED WAS APPROXIMATELY 15,000.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Richardson Chairman | Trustee | 1 | $0 |
Scott Erick Board Member | Trustee | 2 | $0 |
Ralph Cole Board Member | Trustee | 2 | $0 |
Anthony Liberatore Jr Board Member | Trustee | 1 | $0 |
James Ruhlin Secretary | Trustee | 1 | $0 |
Mitch Trucco Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $163,600,235 |
| Investment income | $959,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,752,046 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $171,471,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $163,363,871 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $8,615,166 |
| Fees for services: Legal | $213,007 |
| Fees for services: Accounting | $50,128 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $377,967 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $112,525 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $28,727 |
| All other expenses | $0 |
| Total functional expenses | $172,761,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,209,768 |
| Savings and temporary cash investments | $13,714,930 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,659,847 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $309,058 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $190,180,366 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,378 |
| Total assets | $220,177,347 |
| Accounts payable and accrued expenses | $714,288 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,806 |
| Total liabilities | $718,094 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $219,459,253 |
| Total liabilities and net assets/fund balances | $220,177,347 |